Sawtooth Solutions LLC Acquires 185 Shares of Oracle Corporation (ORCL)
Sawtooth Solutions LLC raised its position in Oracle Corporation (NYSE:ORCL) by 2.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,669 shares of the enterprise software provider’s stock after purchasing an additional 185 shares during the period. Sawtooth Solutions LLC’s holdings in Oracle Corporation were worth $334,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the business. Cedar Capital LLC lifted its holdings in Oracle Corporation by 18.6% in the 2nd quarter. Cedar Capital LLC now owns 10,365 shares of the enterprise software provider’s stock valued at $520,000 after purchasing an additional 1,624 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in Oracle Corporation by 7.0% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 170,840 shares of the enterprise software provider’s stock valued at $8,566,000 after purchasing an additional 11,244 shares in the last quarter. Oppenheimer & Co. Inc. lifted its holdings in Oracle Corporation by 0.9% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 138,733 shares of the enterprise software provider’s stock valued at $6,956,000 after purchasing an additional 1,252 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in Oracle Corporation by 13.4% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 102,745 shares of the enterprise software provider’s stock valued at $5,152,000 after purchasing an additional 12,147 shares in the last quarter. Finally, Swiss National Bank lifted its holdings in Oracle Corporation by 3.0% in the 2nd quarter. Swiss National Bank now owns 11,470,028 shares of the enterprise software provider’s stock valued at $575,107,000 after purchasing an additional 332,100 shares in the last quarter. Institutional investors own 58.09% of the company’s stock.
Oracle Corporation (NYSE ORCL) opened at $48.63 on Wednesday. The company has a market capitalization of $204,584.28, a price-to-earnings ratio of 19.22, a PEG ratio of 1.87 and a beta of 1.07. The company has a current ratio of 3.63, a quick ratio of 3.61 and a debt-to-equity ratio of 0.86. Oracle Corporation has a fifty-two week low of $37.64 and a fifty-two week high of $53.14.
Oracle Corporation (NYSE:ORCL) last issued its quarterly earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.02. The company had revenue of $9.21 billion for the quarter, compared to analyst estimates of $9.03 billion. Oracle Corporation had a return on equity of 20.55% and a net margin of 25.34%. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period last year, the company earned $0.55 earnings per share. sell-side analysts predict that Oracle Corporation will post 2.68 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 11th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend was Tuesday, October 10th. Oracle Corporation’s dividend payout ratio (DPR) is 33.19%.
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ORCL has been the topic of a number of recent research reports. Rosenblatt Securities restated a “buy” rating and issued a $58.00 target price on shares of Oracle Corporation in a report on Monday, September 11th. Moffett Nathanson assumed coverage on shares of Oracle Corporation in a research note on Wednesday, September 6th. They set a “buy” rating and a $65.00 price objective for the company. Royal Bank Of Canada reaffirmed a “buy” rating and set a $53.00 price objective on shares of Oracle Corporation in a research note on Sunday, August 27th. Zacks Investment Research raised shares of Oracle Corporation from a “hold” rating to a “buy” rating and set a $54.00 price objective for the company in a research note on Friday, August 18th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $52.00 price objective on shares of Oracle Corporation in a research note on Tuesday, July 25th. Eleven research analysts have rated the stock with a hold rating and thirty-three have issued a buy rating to the company. Oracle Corporation presently has a consensus rating of “Buy” and a consensus price target of $54.85.
In related news, Director Hector Garcia-Molina sold 3,750 shares of Oracle Corporation stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $50.35, for a total transaction of $188,812.50. Following the transaction, the director now directly owns 18,125 shares of the company’s stock, valued at $912,593.75. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Dorian Daley sold 76,703 shares of Oracle Corporation stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of $49.00, for a total value of $3,758,447.00. The disclosure for this sale can be found here. Insiders have sold 305,776 shares of company stock worth $14,821,999 over the last three months. Corporate insiders own 29.00% of the company’s stock.
Oracle Corporation Profile
Oracle Corporation (Oracle) provides products and services that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure. The Company’s businesses include cloud and on-premise software, hardware and services. Its cloud and on-premise software business consists of three segments, including cloud software and on-premise software, which includes Software as a Service (SaaS) and Platform as a Service (PaaS) offerings, cloud infrastructure as a service (IaaS) and software license updates and product support.
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